桃汁影院, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Courseware

Courseware

3 Months Ended

Jul. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Courseware

Courseware costs capitalized were $4,450 and $41,104 for the three months ended July 31, 2016 and 2015 respectively. During September 2015, $1,970,670 of fully amortized courseware was written off against the accumulated amortization. There was no expense impact to this write-off.

Courseware consisted of the following at July 31, 2016 and April 30, 2016:


	July 31,			April 30,
	2016			2016
Courseware	$	316,197		$	319,267
Accumulated amortization		(132,717	)		(124,335	)
Courseware, net	$	183,480		$	194,932

Amortization expense of courseware for the three months ended July 31, 2016 and 2015:


	For the
	Three Months Ended July 31,
	2016		2015

Amortization Expense	$	15,902	$	18,688

The following is a schedule of estimated future amortization expense of courseware at July 31, 2016:


Year Ending April 30,
2017	$	42,100
2018		50,072
2019		48,599
2020		34,757
2021		7,952
Total	$	183,480